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Question
Correct the underlined word and rewrite the following sentence.
Statutory Corporation is a natural person created by special Acts.
Solution
Statutory Corporation is an artificial person created by a special act.
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RELATED QUESTIONS
Give one word/phrase/term.
An autonomous corporate body created by the Special Act of the parliament or state legislature with defined powers, functions, and duties.
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An organisation which 1s not subject to the budget, accounting and audit controls by the government.
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A ___________ has defined powers, functions and duties.
Correct the underlined word and rewrite the following sentence.
A Statutory Corporation is not answerable to parliament or state assembly.
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Statutory Corporation.
Distinguish Between Government Company and Statutory Corporation.
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There is professional management in statutory corporation.
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Merits of Statutory Corporation.
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Demerits of Statutory Corporation.
Answer the following in detail.
Explain Statutory Corporation and its features.
Answer the following in detail.
Explain merits and demerits of Statutory Corporation.
Match the pairs.
| Group ‘A’ | Group ‘B’ | ||
| A) | BHEL | 1) | Special Legislature |
| B) | Statutory Corporation | 2) | 49% paid up capital by govt. |
| C) | Departmental Organisation | 3) | Service Motive |
| D) | Private Sector | 4) | Railway |
| E) | Public Sector | 5) | Profit Motive |
| 6) | 51% paid up capital by govt. | ||
